Crypto Beginner Guides

Sell Ethereum (ETH)

Ethereum

$103.13

Payments

Smart Contracts

Proof of Work

If you have accumulated Ether (ETH) by buying or mining, there may come a time when you want to sell them. Although Ether is currently one of the top digital currencies, it can only be used for purchases on the Ethereum network. Most businesses that accept cryptocurrencies today only accept Bitcoin for payment. So, if you have purchased Ether as an investment, then this guide will explain the various ways to sell it.

Selling Ether is a very similar process to buying it. You just need to choose an exchange that lists it and operates within your jurisdiction. From there, you’ll need to set up an account with them by providing some basic information and connecting your bank account.

Once this is set up, you can choose to sell your Ether for fiat currency, such as USD, or to trade it for another digital currency. Most of the exchanges will offer a simple wallet service which you can use to transfer your Ether and make a deposit. You can then select how much you want to sell and which currency you want to exchange it for, and place an order.

The exchange rate you receive is usually calculated based on a number of factors. These include market rate, the size of your transaction and volatility. The funds will then appear in your account. If it is a fiat currency, you will be able to withdraw them to your own bank account via wire transfers. Be aware that withdrawing will incur fees, so always check these out.

If you want a more discreet alternative, then you can choose to sell your currency via the local Ethereum peer-to-peer exchange. This exchange is completely decentralised, and the services are offered by the use of Ethereum smart contracts. Whichever you choose, always remember that cryptocurrencies are volatile, with a level of risk attached, so it’s important to research well before you sell.